computers and software are complements, then A) other things being equal, a fall in the price of computers will increase the demand for software and, the price of software will fall. B) other things being equal, a rise in the price of computers will decrease the demand for software and, the price of software will fall. C) other things being equal, a fall in the price of computers will decrease the demand for software and, the price of software will fall. D) other things being equal, a rise in the price of software will increase the demand for computers and, the price of computers will rise. E) other things being equal, a fall in the price of software will decrease the demand for computers and, the price of computers will fall.

Figure 4-6Refer to Figure 4-6.  The movement from D’ to D could be caused by   a. an increase in the price of a complement.   b. a decrease in income, assuming the good is inferior.   c. a decrease in price.   d. buyers expecting the price of the good to fall in the near future.

Which of the following is most likely an inferior good? Select one: a.an airline ticket b.gasoline c.an antique car d.a bus ticket

How does oil play a role in the price of fertilizer?

The following scenarios describe products that are price.... ? 1. The new Mercedes sports car costs over 200,000 dollars 2. Jamal picks a box of corn flakes amongst the many available brands ? 3. Carl buys a large bag of gummy candies for 1 dollar ? A. Elastic B. Inelastic

I. 1. P For each of the following products a change in demand (A D) or a change in quantity demanded (A QD) will occur as a result of the event described. Graph each change and label new demand curves D2. Then write the symbol describing this change, and tell the reason for the change in the space provided. IPhones The price of an iPhone drops from $400 to $99. Will this cause AD or AQD for this phone? Reason?

Fill in the blanks using the number that corresponds to the correct word or phrase in the word bank 1. normal good 2. an increase 3. left 4. movement along 5. a decrease 6. demand shifter 7. right 8. inferior 9. shift 10. change in price A change in preferences that makes one good or service more popular will shift the demand curve to the A change that makes it less popular will shift the demand curve to the When the price of dunking doughnuts reduces, the demand curve for their coffee will shift If price of tea decreases, then the demand curve for coffee will shift For complement goods a decrease in price of one good leads to in the demand for another while for substitutes a reduction in price of one good leads to in the demand for the other. If the price of Tennis rackets falls the demand curve for tennis balls will shift If the price of Burger King reduces the demand curve for McDonalds will shift A good for which demand increases when income increases is called a good. A good for…

Suppose that a decrease in the price of X results in less of good Y sold. What are X and Y called?    A. substitute goods  B. complementary goods  C. normal goods  D. inferior goods